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Minister of Agriculture & Farmers Welfare Narendra Singh Tomar, on Friday, 4 February, in the Rajya Sabha, provided assurance that the government was committed to setting up a panel on Minimum Support Price (MSP) to insure agricultural producers.
He added that the committee will be formed after the elections.
"The Election Commission's response has come. It has said that the committee should be formed after the elections conclude," the agriculture minister said.
The minister explained that because the elections were going on, the government had reached out to the EC for guidance.
Tomar, further in his address, noted that the farmer was the grain producer of the country and, thus, should receive the appropriate rate for his production. The government is dedicated to doing this, he said.
"As far as MSP is concerned, 50 percent profit will be given on the base price," Tomar added, going on to say that the aim of the government, was to give profit to the farmers.
While announcing the repealment of three farm laws in November last year, Prime Minister Narendra Modi had promised to form a committee to talk about the farmers' demand of legal guarantee on MSP.
The Assembly elections are scheduled to be held in five states including Uttar Pradesh, Punjab, Uttarakhand, Manipur, and Goa.
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